East Pennsboro Area School District March 11, 2019

Goals Balance the budget with a real estate tax increase in the range of 0 to 2.8% Maintain support for the most important educational needs with the limited funds Seek & implement direction of the School Board Maintain and improve District-Wide facilities

Timeline April 1, 2019 Budget Committee of the Whole meeting, 6pm May 2, 2019 Proposed Preliminary Budget approved at the regular Board meeting, 7:30pm June 13, 2019 Final Budget Adoption at the regular Board meeting, 7:30pm

Township Tax Base July 2018 $1,788,843,500.00 August 2018 $1,780,807,900.00 September 2018 $1,779,297,300.00 October 2018 $1,782,475,400.00 November 2018 $1,783,050,900.00 December 2018 $1,783,630,900.00 January 2019 $1,784,219,000.00

Act 1 Index State Index – 2.3% East Pennsboro Adjusted Index – 2.8%

10 Year History

300 Series

300 Series

Debt Service 800/900

Projections

Projections

Revenue EAST PENNSBORO AREA SCHOOL DISTRICT REVENUE 2.80%   SCHOOL DISTRICT 2.80% REVENUE FIVE YEAR PROJECTION ACTUAL BUDGET 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 LOCAL REVENUE REAL ESTATE TAX $ 19,688,724 $ 20,557,129 $ 20,834,059 $ 21,353,912 $ 21,997,199 $ 22,659,864 $ 23,342,493 $ 24,045,685 $ 24,770,061 $ 25,441,578 PUBLIC UTILITY REALTY $ 29,124 $ 27,973 $ 30,000 $ 33,500 $ 33,500 OCCUP PRIV / LOCAL SERVICES TAX $ 67,403 $ 60,917 $ 62,000 $ 58,000 $ 58,000 EARNED INCOME TAX $ 6,160,926 $ 6,360,517 $ 5,900,000 $ 6,400,000 $ 6,496,000 $ 6,593,440 $ 6,692,342 $ 6,792,727 $ 6,894,618 $ 6,998,037 REAL ESTATE TRANSFER TAX $ 466,761 $ 484,306 $ 350,000 $ 400,000 $ 404,000 $ 408,040 $ 412,120 $ 416,242 $ 420,404 $ 424,608 DELINQUENT REAL ESTATE $ 466,285 $ 457,675 $ 465,000 $ 465,000 DELINQ PERSONAL TAX INTEREST ON INVESTMENTS $ 61,878 $ 134,568 $ 60,000 $ 150,000 $ 150,000 ADMISSIONS - ATHLETICS $ 56,330 $ 56,502 $ 56,000 $ 56,000 $ 56,000 PAY TO PARTICIPATE $ 23,313 $ 24,153 $ 23,000 $ 24,000 $ 24,000 FEDERAL REV FROM LEA'S $ 465,438 $ 494,811 $ 484,538 $ 484,538 RENTALS $ 9,209 $ 14,958 $ 25,000 $ 25,000 $ 25,000 CONTRIBUTIONS $ 56,275 $ 138,699 $ 20,000 $ 20,000 $ 20,000 TUITION $ 99,538 $ 8,450 OTHER LEA'S IN PA $ 44,452 $ 113,948 $ 35,000 $ 50,000 $ 50,000 REFUND PRIOR YEARS EXPENSES $ 157,570 MISCELLANEOUS REVENUE $ 62,043 $ 123,012 $ 75,000 $ 75,000 $ 75,000 TOTAL LOCAL REVENUE $ 27,915,269 $ 29,057,618 $ 28,444,597 $ 29,619,950 $ 30,363,237 $ 31,127,382 $ 31,912,993 $ 32,720,692 $ 33,551,121 $ 34,330,261 STATE REVENUE $ 6,422,907 BASIC SUBSIDY $ 6,006,810 $ 6,094,812 $6,422,907 $ 6,699,067 $ 6,766,058 $ 6,833,718 $ 6,902,055 $ 6,971,076 $ 7,040,787 $ 7,111,195 READY TO LEARN $ 369,099 $ 327,237 $ - $ - TUITION-SEC 1305/1306 $ 31,669 $ 19,760 $ 30,000 $ 30,000 MIGRATORY EDUCATION $ 40 SPECIAL EDUCATION $ 1,314,410 $ 1,363,076 $1,339,094 $ 1,381,436 $ 1,395,250 $ 1,409,203 $ 1,423,295 $ 1,437,528 $ 1,451,903 $ 1,466,422 SPECIAL EDUCATION - EXCESS COST $ 41,340 TRANSPORTATION SUBSIDY $ 731,164 $ 595,692 $ 647,000 $ 624,200 $ 624,200 RENTAL/SINKING FUND $ 14,562 $ 144,540 $ 22,750 $ 22,899 $ 3,484 MEDICAL / DENTAL SUBSIDY $ 53,765 $ 53,470 $ 55,000 STATE PROPERTY TAX REDUCTION $ 667,702 $ 670,434 $ 670,564 $ 670,564 OTHER GRANTS $ 24,407 FICA $ 525,105 $ 544,578 $ 580,891 $ 604,521 $ 627,064 $ 645,876 $ 665,252 $ 685,210 $ 705,766 $ 726,939 RETIREMENT $ 2,163,241 $ 2,380,234 $ 2,517,255 $ 2,709,678 $ 2,850,068 $ 2,971,030 $ 3,116,686 $ 3,251,389 $ 3,348,930 $ 3,449,398 TOTAL STATE REVENUE $ 11,877,527 $ 12,218,280 $ 12,329,051 $ 12,800,216 $ 13,044,104 $ 13,246,076 $ 13,490,053 $ 13,727,966 $ 13,930,150 $ 14,136,718 FEDERAL REVENUE TITLE I $ 311,472 $ 331,122 $ 334,609 $ 441,664 $ 441,664 TITLE I (ARRA) $ - TITLE II (A & D) $ 54,736 $ 77,074 $ 77,740 $ 90,970 $ 90,970 TITLE III $ 19,260 $ 19,260 TITLE IV $ 10,000 $ 10,000 $ 23,941 $ 23,941 Title V DRUG FREE SCHOOLS ACCESS $ 13,468 TOTAL FEDERAL REVENUE $ 379,676 $ 418,196 $ 422,349 $ 575,835 $ 575,835 TOTAL REVENUE $ 40,172,472 $ 41,694,094 $ 41,195,997 $ 42,996,001 $ 43,983,175 $ 44,949,293 $ 45,978,880 $ 47,024,493 $ 48,057,107 $ 49,042,814

Projection Summary

Tax Options EAST PENNSBORO AREA SCHOOL DISTRICT TAX OPTIONS FOR 2019 - 2020 Assessed Value Feb 2018 $ 1,789,208,900 Assessed Value Certified Dec 2018 $ 1,784,219,000 -0.27889% Current Tax Rate in Mills 12.3792 0.0123792 Tax Index No increase - Estimate $ 21,424,588 .5% increase - Estimate $ 21,531,711 0.50% $ 107,123 12.4411 mills 1.0% increase - Estimate $ 21,638,834 1.00% $ 214,246 12.5029 mills 1.5% increase - Estimate $ 21,745,957 1.50% $ 321,369 12.5649 mills 2.0% increase - Estimate $ 21,853,079 2.00% $ 428,492 12.6268 mills Increase Base Index - Estimate $ 21,917,353 2.30% $ 492,766 12.6639 mills Adjusted Index - Estimate $ 22,024,476 2.80% $ 599,888 12.7258 mills Impact Rate Increase Median Assessment - March 2018 $ 161,000 Base Tax Homestead $ 1,861.05 $ - Base Index Homestead - .5% $ 1,871.02 0.0124411 $ 9.97 $ 0.83 Base Index Homestead - 1.00% $ 1,880.97 0.0125029 $ 19.92 $ 1.66 Base Index Homestead - 1.50% $ 1,890.95 0.0125649 $ 29.90 $ 2.49 Base Index Homestead - 2.00% $ 1,900.91 0.0126268 $ 39.86 $ 3.32 Base Index Homestead - 2.30% $ 1,906.89 0.0126639 $ 45.84 $ 3.82 Adjusted Index Homestead - 2.80% $ 1,916.85 0.0127258 $ 55.80 $ 4.65

Tax Options

New Personnel Requests Psychologist $91,868 Librarian HS/MS $91,514 In School Suspension $91,514 Technology Specialist $62,995 HS Library Aide Hours Inc $3,216 HS Assistant Principal $135,267 Six Lunch Aides MS (STS) $51,386